The bill brings NC law into line with Federal education and qualifications for trainees and appraisers, however it drops even a high school diploma level of education.
A good thing is that NCREAA(North Carolina Real Estate Appraiser Association) supports maintaining the integrity of the appraisal profession and thereby ensuring the public trust. We will continue to monitor the progress of this Senate bill and the companion House bill, H588.
Another good thing about federal laws and state laws is that we, at the state level, can accept the “minimum” rules from the Fed’s or we can decide to upgrade and ask for more training and education – which North Carolina has done in the past.
NCREAA will be following this and any other legislation that affects appraisers in the state and working with other appraiser organizations across the country to address national issues. Check our websites too… http://WWW.ncreaa.org. & ncrean.ning.com .